________: defined by the income available for consumption and the prices that a consumer faces

Using graphs, explain how indirect crowding out can occur when the government increases spending in an attempt to stimulate the economy

What will be an ideal response?

If an industry is dominated by three large producers whose revenues represent 30%, 30%, and 30% of the market's total revenues with the remaining two firms each representing 5%, what would be the measure of the Herfindahl-Hirschman Index for this industry?

a. 2,725 b. 2,750 c. 9,975 d. 10,000